INVESTORS TAKE NOTICE! Rare opportunity to own a 5-unit multifamily property in Milford generating approximately $9,200 per month / $110,400 annually in gross rental income. Current rents are below market, offering potential for increased rental income and additional upside for the next owner. This income-producing property features an expansive off-street parking area located behind the building with space for approximately 15+ vehicles, along with lead compliance/certification documentation. Situated on a generous lot with potential for additional development or an ADU. Conveniently located near downtown Milford, shopping, restaurants, and major routes. An excellent opportunity for investors seeking an established multifamily property with strong current income, below-market rents, separate utilities and future growth potential. (buyer to due diligence).
1 day
|
126
|
1
|
Zillow last checked:
Listing updated:
Listed by:
Ana Loja917-330-0222,
Afonso Real Estate508-478-7286
Source: MLS PIN,MLS#: 73567324
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 6
Full bathrooms: 6
Heating
Natural Gas
Cooling
Window Unit(s)
Appliances
Included: Range, Refrigerator
Features
Ceiling Fan(s), Living Room, Kitchen
Flooring: Wood
Basement: Partial
Has fireplace: No
Interior area
Total structure area: 4,522
Total interior livable area: 4,522 sqft
Finished area above ground: 4,522
Finished area below ground: 1,921
Property
Parking
Total spaces: 12
Parking features: Paved Drive, Off Street, Paved
Uncovered spaces: 12
Lot
Size: 0.51 Acres
Features: Level
Details
Parcel number: 0269,1617691
Zoning: RA
Construction
Type & style
Home type: MultiFamily
Property subtype: 5+ Family - 5+ Units Up/Down
Materials
Frame
Foundation: Stone, Irregular
Roof: Shingle
Condition
Year built: 1902
Utilities & green energy
Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: for Gas Range
Community & HOA
Community
Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Public School, Other